Which returned more over the last year, FSEC or VMBS?

In the year to Oct 9, 2026, with distributions reinvested, FSEC returned −1.2% and VMBS −0.9%.

Which is cheaper, FSEC or VMBS?

VMBS is cheaper, by 0.33 percentage points a year. That is about $33 on $10,000 held for a year. Fees come from each fund's prospectus.

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FSEC vs VMBS: Differences, Returns & Fees

On May 31, 2026 FSEC's duration was 5.2 years and VMBS's 5.2; VMBS charges 0.03% to FSEC's 0.36%. Net assets on Sep 30, 2026: $4.5bn for Fidelity Investment Grade Securitized ETF and $15.5bn for Vanguard Mortgage-Backed Securities ETF.

VMBS costs 0.33 points a year less; their one-year returns differ by 0.3 points; VMBS is 3.5 times larger.

	FSEC	VMBS
Expense ratio	0.36%	0.03%
Net assets, as of Sep 30, 2026	$4.5bn	$15.5bn
Total return, 1 year	−1.2%	−0.9%
What it tracks	No index, actively managed	not read by ETFIQ
Holdings in common	6%
Below its high	4.4%, high on Feb 27, 2026	4.3%, high on Feb 27, 2026

Holdings in common uses holdings dated May 31, 2026.

−1.2%

FSEC total return, 1 year

−0.9%

VMBS total return, 1 year

0.36%

FSEC expense ratio

0.03%

VMBS expense ratio

What they hold in common

By the books each fund has filed, FSEC and VMBS hold 6% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026.

50%

half

6% in common

Positions both hold, largest shared weight first

Holding FSEC VMBS

UMBS 30YR 2% 06/01/2056 #TBA, due Jun 1, 2056 3.54% 0.52%

GNII II 5.5% 07/01/2056 #TBA, due Jul 1, 2056 4.64% 0.36%

GNII II 5.5% 06/01/2056 #TBA, due Jun 1, 2056 6.97% 0.29%

GNII II 4.5% 11/20/2054#MB0024, due Nov 20, 2054 0.70% 0.28%

FHLG 30YR 2% 11/01/2050#SD8106, due Nov 1, 2050 0.85% 0.21%

UMBS 30YR 6% 06/01/2056 #TBA, due Jun 1, 2056 0.55% 0.20%

FHLG 30YR 2% 03/01/2051#SD8134, due Mar 1, 2051 0.18% 0.20%

FHLG 30YR 2% 01/01/2051#SD8121, due Jan 1, 2051 0.18% 0.20%

GNII II 5% 06/01/2056 #TBA, due Jun 1, 2056 4.20% 0.15%

UMBS 30YR 5.5% 06/01/2056 #TBA, due Jun 1, 2056 0.16% 0.15%

FHLG 30YR 2% 02/01/2051#SD8128, due Feb 1, 2051 0.15% 0.23%

UMBS 30YR 5% 06/01/2056 #TBA, due Jun 1, 2056 5.97% 0.14%

Only in FSEC

GNII II 6% 06/01/2056 #TBA, due Jun 1, 2056 3.02%

UMBS 30YR 2% 07/01/2056 #TBA, due Jul 1, 2056 2.52%

GNII II 6% 07/01/2056 #TBA, due Jul 1, 2056 1.99%

GNII II 5% 07/01/2056 #TBA, due Jul 1, 2056 1.51%

FEDERAL NAT MTG ASN GTD REM PA 21-13 BE 1.25% 02/25/2050, due Feb 25, 2050 1.30%

FNMA 30YR 5.5% 04/01/2055#CC0241, due Apr 1, 2055 1.24%

FHLG 30YR 2.5% 04/01/2052#SL1958, due Apr 1, 2052 1.18%

FNMA 30YR 2.5% 09/01/2050#CA6947, due Sep 1, 2050 1.01%

Only in VMBS

G2 MB0871, due Jan 20, 2056 0.31%

FN CC2762, due Mar 1, 2056 0.29%

G2 MB0936, due Feb 20, 2056 0.29%

FR SD4155, due Feb 1, 2052 0.27%

FR RQ0118, due May 1, 2056 0.27%

FR RQ0094, due Feb 1, 2056 0.24%

FR RQ0056, due Oct 1, 2055 0.24%

G2 MA8347, due Oct 20, 2052 0.22%

Check overlap with more funds →

On the same fields

FSEC

Fidelity Investment Grade Securitized ETF

VMBS

Vanguard Mortgage-Backed Securities ETF

Where it sits Bond ETF Bond ETF

Issuer Fidelity Vanguard

What it is Actively managed Tracks an index

Total return, 1 year −1.2% −0.9%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 −18.4 pts −18.1 pts

Expense ratio 0.36% 0.03%

Holdings 1059 4890

Net assets, as of Sep 30, 2026 $4.5bn $15.5bn

FSEC and VMBS on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

FSEC in plain words

FSEC is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned −1.2% with distributions reinvested. The prospectus expense ratio is 0.36% a year. It sat 4.4% below its high of Feb 27, 2026 on Oct 9, 2026.

VMBS in plain words

VMBS tracks an index. Over the year to Oct 9, 2026 it returned −0.9% with distributions reinvested. The prospectus expense ratio is 0.03% a year. It sat 4.3% below its high of Feb 27, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, FSEC or VMBS?: In the year to Oct 9, 2026, with distributions reinvested, FSEC returned −1.2% and VMBS −0.9%.
Which is cheaper, FSEC or VMBS?: VMBS is cheaper, by 0.33 percentage points a year. That is about $33 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

FSEC vs SPMB FSEC vs MBB FSEC vs JMTG FSEC vs JMBS JMBS vs VMBS SMBS vs VMBS JMTG vs VMBS SPMB vs VMBS

FSEC on its own →VMBS on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

FSEC filings on SEC EDGAR ↗FSEC prospectus with the expense ratio (SEC) ↗Fidelity website ↗VMBS filings on SEC EDGAR ↗VMBS prospectus with the expense ratio (SEC) ↗Vanguard page for VMBS ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, FSEC against VMBS, data as of Oct 9, 2026. https://etfiq.com/compare/any/fsec-vs-vmbs

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.